Bitcoin has emerged with a rare 8-day rally. Why say it's rare? Let's not worry about whether the pattern is strong first. Based solely on the 8-day rally pattern, the last time it appeared was in November 2024. This means it hasn't occurred throughout the entire year 2025, and it's still maintaining its strength now. Whether today will break the streak remains unknown!

Going back to the last 8-day rally pattern, what differs from now is that the previous one was in an uptrend phase, while currently it's a rebound in a weak market. The two have significant differences. An uptrend phase means extremely strong momentum, the starting point of a bull market, and the continuation power in an uptrend. Meanwhile, a consecutive rally rebound during a decline is mostly about filling gaps, and each time it reaches a high point, there's considerable resistance. Thus, the continuation strength is insufficient. So we can clearly see that in the daily chart's 8-day rally, most of it consists of oscillations!

Price-wise, it broke through 74000 and reached 76000 continuation. I already emphasized this yesterday—73800 is suppressive, while 74000 is the acceleration point. Short-term strength spans 500 points, daily strength spans over 1000 points. So in the daily K-chart, it shows the continuation rebound after opening this morning, ultimately resulting in around 2000 points of pullback near 76000. Daily chart went up then down—this will be a major test for subsequent support. If it continues to decline, today will essentially break the positive K-line, and the probability of the trend turning bearish again will increase!

Remember everyone: top signals appearing in weak markets have much stronger continuation power for short positions than long positions. Since it's a consecutive rally, it can't break the bottom support. Even if it does, it can only be a false break. The closing price must be pulled up. Even if a large bullish candle doesn't appear, at minimum it can't break the positive K-line. Today's opening price is around 74800—this point is critical and will be the day's battle point between bulls and bears!

The 4-hour chart shows a steady uptrend pace, but the bearish K-line this morning will be an important guiding signal going forward. This differs from the bearish K-line last night. Last night was a pullback bearish K-line where the closing price didn't stabilize above 74000 and faced suppression. This morning's is a pullback after stabilizing above 74000. There's a fundamental difference in nature. The afternoon timeframe is very important. If it continues with bearish K-lines declining, then the probability of an evening rise isn't high, and ultimately the overall close will be bearish. If it forms a pattern of falling first then rising, turning from bearish to bullish, it means another high break in the evening is possible!

After analysis, let's focus on important support points. In the daily chart, reference the recent high point's suppressive pullback around 73800, which represents a small top-bottom conversion and isn't extreme support. Of course, if Bitcoin shows extremely strong momentum—an 8-day rally in an uptrend cycle—I would unhesitatingly go long at this position. But circumstances differ. I believe we need to be more prudent. Also, today's pattern of rising first then falling has very different implications. Conversely, if it falls first, going long is more logically sound!

To find stable support for long positions, we need to pay attention to the launch point. Last night's lowest retracement was around 73000. This level can't be broken. If it breaks, today won't form a bullish K-line pattern. Subsequent rises won't have much strength. For the 4-hour's first breakdown pullback from 74000, focus on around 72800. The overall trend structure has formed a central oscillation with the pattern of rising lows. According to the uptrend line's corresponding support, today's final long entry point can be set around 73300. First, stop-loss risk is well-controlled and can be placed below the previous day's low. Second, profit space is decent too—a basic 1000-point target shouldn't be an issue.

Looking at resistance, today already arranged a 75600 short position from this morning's high—fortunately profited from the pullback. What comes next is either watching a decline around 74800 or waiting for momentum after breaking higher. According to recent strength and pattern structure, the next momentum breaking higher is expected to reach around 78000. Only then should we consider shorting the pullback. As for other levels, since you've already missed them, there's no way around it.